Also note that overlays exist, to wit note that the Fannie Mae forms don't even include anything about a two year average, and specifically mention only "12 months" AND "borrower's most recent year [not yearS] of federal income tax returns" AND there is even a section for "property acquired during or subsequent to the most recent fax filing year," meaning Fannie Mae will actually go for counting rent BEFORE it's even on tax returns!

.; whether we’ll go over the cliff, whether there will be a subsequent recession, or its strength.

Given our experience we have chosen to leverage this experience and focus on Philadelphia investments, I am familiar with the areas targeted as I had lived in Philly for a period of time for school, and the cost of entry is within our tolerance for risk.Our long-view is to pivot to Rehab/Hold, and New Construction, strategies…our preference are Rehab/Hold properties within close proximity to existing vacant lots where we can subsequently add new inventory, contiguous lots preferred.

Examples I've heard: appliances taken from the property because a buyer stopped by and told the seller they were buying new ones eventually (appliances were across the state before the buyer realized this), sellers staying beyond their delayed occupancy window because the buyer told them they weren't moving in immediately (liability issue), buyer stopped by the house before submitting an offer and talked to the seller, subsequently giving away their top dollar and negotiating power. 

The sale of your existing property and subsequent 1031 Exchange into land with a corresponding build-out of a multi-family property is referred to as an Improvement 1031 Exchange or a Build-To-Suit or Construction 1031 Exchange. 

The firm holds free seminars for landlords to ask any random question too, I went to one before finding my first property (I really need to go again now that I'm an actual landlord) but I had him write up a contract for my first rental that I have tweaked for the subsequent properties I bought.I also had him add things specific to my request like forbidding the use of candles for non-emergency situations.

Hi forum:Went to Jersey City tax lien sale today, and I am sure I must have missed something here.It was an accelerated sale, which means unlike regular sale for the previous year, this sale will clear all delinquent taxes up til this point and no more subsequent tax pastdue by today. 

For the last 10 years I have been diligently contributing money to my 403b, to watch my "balanced portfolio" suffer the same fate as the stock market in 2008 with subsequent recovery and modest returns.

You might put into your option contract that you have rights to market the property and to recieve and approve/deny all subsequent offers.

(Actual %, friend is a realtor/manager, gives me a great rate on properties I buy through him if they're in a good area)10% Maintenance/Repairs -- ($165/mo.)NOI -- $12.4KCash Flow -- ~$40/mo.COC -- 3.5%Cap Rate -- 8.6%Total ROI (Including Principal Paydown) -- 45% in first year (goes up in subsequent years with additional principal pay down)I think I did well for a first buy.